According to a new market report by Lucintel, the future of the smart label market looks promising with opportunities in the FMCG, retail, automotive, logistics, manufacturing, and healthcare industries. The smart label market is expected to grow with a CAGR of 18% from 2019 to 2024. The major growth driver for this market is increasing installation of efficient anti-theft and anti-counterfeit systems in several end-user industries.
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In this market, EAS labels, RFID labels, sensing labels, electronic shelf/dynamic display labels, and NFC tags are the major technologies used in various end use industries. RFID labels are expected to be the largest technology segment in the smart label market due to the rising demand of smart labels in the retail sector.
Within the smart label market, retail & inventory tracking will remain the largest application over the forecast period. Perishable goods segment is expected to witness the highest growth over the forecast period due to growing demand for authentic products.
North America will remain the largest market over the forecast period due to extensive use of smart labels in the logistics industry and the manufacturing & retail sectors in the region.
Avery Dennison Corporation , CCL Industries, Inc. , Zebra Technologies Corporation, Sato Holdings Corporation, Smartrac N.V., Muhlbauer Holding AG & Co. Ltd., ASK S. A., Thin Film Electronics ASA, Intermec Inc. (Honeywell International Inc.), Alien Technology, Inc., Invengo Information Technology Co. Ltd., Graphic Label, Inc., Displaydata Ltd., and William Frick & Company are among the major manufacturers of smart labels.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart label market by end use, technology, component, application, and region. Lucintel has prepared a comprehensive research report entitled "Smart Label Market 2019-2024: trends, forecast, and opportunity analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the smart labels market by end use, technology, application, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
EAS Labels
RFID Labels
Sensing Labels
Electronic Shelf/Dynamic Display Labels
NFC Tags
By Application [$M shipment analysis for 2013 – 2024]:
Electronics and IT Asset
Equipment
Retail & Inventory tracking
Pallet
Perishable goods
Others (reusable goods, security access, patient care smart wrist bands, and general assets)
By End Use Industry [$M shipment analysis for 2013 – 2024]:
FMCG
Retail
Automotive
Logistics
Manufacturing
Healthcare
Others (aerospace, library, construction, and postal services)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Asia Pacific
RoW
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-label-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.